Making Money in Equities: 20 richest investors on the Zimbabwe Stock Exchange

Mon Sep 6 09:39:15 CAT 2021

20 richest investors on the Zimbabwe Stock Exchange

Investors on the Zimbabwe Stock Exchange have amassed staggering wealth
since the start of the year owing to the strong pace of recovery in the
country and renewed buying interest by local investors, which have pushed
the joint valuation of the 20 richest investors in the country above the
US$2.5-billion mark.

The market value of all the shares owned by the 20 richest investors on the
bourse amounts to 48.03 percent of the market capitalization of the local
exchange.

Data computed by Billionaires.Africa revealed that the 20 richest investors
on the exchange have a joint equity valuation of US$1.21 billion, with
Strive Masiyiwa being the richest investor on the exchange, controlling more
than one-quarter of the bourse's market capitalization.

The top-5 investors on the bourse control a total 43.93 percent of the
Zimbabwe Stock Exchange.

Based on figures derived from investment agencies, the latest annual reports
and confirmations from capital market registrars, these are the 20 richest
people who own stocks listed on the Zimbabwe Stock Exchange.

The value of the shares is based on prices at the end of trading on Aug. 20,
and valuations are converted to U.S. dollars at the ruling exchange rates.

#1 Strive Masiyiwa

Net worth on the ZSE: US$664.3 million

Holdings: Econet Wireless Zimbabwe, Cassava Smartech

Zimbabwe's richest man and founder of Econet Global ltd owns 43.7 percent of
Econet Wireless Zimbabwe - the country's largest mobile telecom company. His
stake is worth US$519.1 million. Masiyiwa also owns 30.26 percent of Cassava
Smartech, which is worth US$145.1 million.

#2 Michael Fowler

Net worth on the ZSE: US$172 million

Holdings: Innscor Africa, Padenga Holdings

The Zimbabwean entrepreneur is best known for having co-founded Innscor
Africa, a manufacturer of consumer staple and durable goods. He owns a
19.2-percent stake in Insscor Africa worth US$131.3 million. He is also a
founder and 20.77-percent owner of Padenga Holdings, a public company
engaged in the production and sale of crocodilian skins and meat.

#3 John Moxon

Net worth on the ZSE: US$133.7 million

Holdings: Meikles

John Moxon is the executive chairman of Meikles, a publicly traded
Zimbabwean company with a diverse portfolio of investments in hotel, retail,
supermarket chain, agriculture and financial services. He owns a 47-percent
stake in Meikles through his private investment company, Gondor Capital.

#4 Zinona Koudounaris

Net worth on the ZSE: US$101.1 million

Holdings: Insscor Africa, Simbisa Brands, Axia Corporation

Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in
1997 with his partner Michael Fowler. Koudounaris' portfolio on the Zimbabwe
Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of
Simbisa Brands and 20.86 percent of Axia Corporation, a company that retails
and distributes electrical appliances, automotive goods and fast moving
consumer goods.

#5 Nicholas Van Hoogstraten

Net worth on the ZSE: US$36,046,511  

Holdings: Rainbow Tourism Group

British investor Nicholas Van Hoogstraten owns 24.2 percent of Rainbow
Tourism Group, a tourism and hospitality management company in Zimbabwe with
a far-reaching portfolio of owner-managed or leased hotels and conference
facilities in Zimbabwe.

#6 John Mushayavanhu

Net worth on the ZSE: US$13,953,488

Holdings: FBC Holdings

John Mushayavanhu is the group CEO and largest individual shareholder of FBC
Holdings, an investment holding that houses a group of subsidiaries that
provide financial services spanning commercial banking, insurance, mortgage
financing, micro-financing and securities trading. Mushayavanhu owns 6.6
percent of the company.

#7 Paddy Zhanda

Net worth on the ZSE: US$12,790,697

Holdings: Masimba Holdings

Paddy Zhanda owns 10.5 percent of Masimba Holdings, a publicly listed
company that provides engineering and infrastructure client solutions.

#8 Basil Dionisio

Net worth on the ZSE: US$11.6 million

Holdings: Simbisa Brands

Basil Dionisio is the group CEO and executive director of Simbisa Brands
Limited, the largest fast-food restaurant operator in Zimbabwe. Simbisa
owns, operates and franchises some of the most popular quick-service
restaurant brands in East and Southern Africa, including Pizza Inn, Chicken
Inn, Nandos and Steers of South Africa. His 4.19-per cent stake in the
company is currently worth US$11.6 million.

#9 Matlhogonolo Valela

Net worth on the ZSE: US$11.1 million

Holdings: Delta Corporation

Matlhogonolo Valela owns a 0.87-percent stake in Delta Corporation,
Zimbabwe's largest beverage manufacturer. He joined the company in 1996 and
was appointed CEO in March 2021.

#10 Rutenhuro Moyo

Net worth on the ZSE: US$7,726,744

Holdings: Rutenhuro Moyo holds a 3.2-percent stake in OK Zimbabwe, a leading
supermarket retailer covering groceries, basic clothing and textiles and
houseware products.

#11 Trynos Kufazvinei

Net worth on the ZSE: US$7,420,930

Holdings: Trynos Kufazvinei holds a 3.4-per cent stake in the financial
services group, FBC Holdings.

#12 Ketan Naik

Net worth on the ZSE: US$7,409,302

Holdings: Ketan Naik holds 4.48 per cent of Daribord Holdings, a
manufacturer and marketer of milks, foods and beverage products.

#13 Douglas Mboweni

Net worth on the ZSE: US$5.8 million

Holdings: Econet Wireless Zimbabwe

Douglas Mboweni is the group CEO of Econet Wireless Zimbabwe. He owns a
0.49-percent stake in the company, which is worth US$5.8 million.  

#14 Julian P. Schonken

Net worth on the ZSE: US$5,063,953

Holdings: Julian P. Schonken holds a 0.75-percent stake in Innscor Africa.

#15 Albert Katsande

Net worth on the ZSE: US$4,887,209

Holdings: Albert Katsande holds a two percent in OK Zimbabwe.

#16 Antony Mandiwanza

Net worth on the ZSE: US$4,455,813

Holdings: Antony Mandiwanza owns 2.7 percent of Daribord Holdings.

#17 Lance Kennedy

Net worth on the ZSE: US$4,436,046

Holdings: Lance Kennedy owns a 10-percent stake in Zimplow Holdings, a
diversified construction, infrastructure and agricultural equipment
manufacturer and distributor.

#18 Ketan Joshi

Net worth on the ZSE: US$3,553,488

Holdings: Ketan Joshi holds a 1.62-percent stake of FBC Holdings.

#19 Thomasmore Chataika

Net worth on the ZSE: US$2.95 million

Holdings: Thomasmore Chataika holds a 6.6-percent stake in Zimplow Holdings.

#20 Roy Chimanikire

Net worth on the ZSE: US$2.9 million

Holdings: Econet Wireless Zimbabwe

Econet Wireless Zimbabwe's CFO Roy Chimanikire owns a 0.23-percent
shareholding in the company worth US$2.9 million.

Mfonobong Nsehe contributed to this report. Comments can be sent to:
<mailto:news at billionaires.africa> news at billionaires.africa.

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